Tue, Sep 26, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Gottex launches new fund of UCITS hedge funds as Q2 AuM down 8.3% to $7.26bn

Tuesday, July 20, 2010

From the Opalesque team:

The total fee-earning assets of Gottex, a global FoHFs house, were US$7.26bn at 30 June 2010, compared to $7.92bn at 31 March 2010, representing a change of -8.3%. Gottex Fund Management accounted for $6.8bn and Gottex Solutions Services (GSS) for $0.45bn.

Gottex' $6.80bn AuM for Q2 show a decrease of 8.8% when compared to $7.46bn in Q1-10. The decrease was largely driven by foreign exchange movements, technical factors, performance and returning cash to investors in run-off share classes.

New UCITS FoFs launched this month Gottex launched a UCITS III fund of funds product in Luxembourg earlier this month and is now in the process of 'passporting' it to the major European markets.

This fund of UCITS hedge funds qualifies for UCITS status without the use of financial structuring to meet UCITS III liquidity requirements, avoiding derivatives, wrappers or other synthetic structures to minimize maturity mismatches between underlying assets and liabilities.

Market neutral strategies: positive performance YTD The market neutral strategies posted positive performance YTD, outperforming many funds of hedge funds and equity indices, the latter declining substantially in Q2-10.

The HFRI Fund of Funds Composite Index was down 0.70% (est.) in June and down 1.03% YTD, whereas the HFRI Equity Market Neutral Index was down 0.71% (est.) and down 0.69% YTD. And the S&P 500 Index was down 7.57% YTD at the......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  3. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N

  4. Artificial intelligence may replace 40% of all jobs: Bridgewater founder Ray Dalio[more]

    From Foxbusiness.com: Bridgewater Associates founder Ray Dalio said Friday that almost half of the jobs in the next two decades will be replaced by artificial intelligence. "By in large, the world is going to largely consist of people who can take language and put it into code, which then allo

  5. Opalesque Exclusive: US investment firms must have tailored cybersecurity policies and procedures in place[more]

    Benedicte Gravrand, Opalesque Geneva: Cyber attacks are on the increase. One of the last victims was Equifax, a US credit scoring agency. As a result of its insufficient cybersecurity program, the agency was slapped with state and federal investigations, private lawsuits and a summons for chief e